State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for District of Columbia
QTAXT28QTAXCAT3DCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
-53.85%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from occupation and business license taxes not classified elsewhere for the District of Columbia. It provides insights into the local tax environment and business activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for District of Columbia trend tracks tax revenue from miscellaneous business-related taxes levied by the District of Columbia government. It offers a window into the city's economic conditions and policy environment.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government finances.
Historical Context
This trend is used by economists and policymakers to analyze the District of Columbia's economic performance and tax policy.
Key Facts
- This trend dates back to 1993.
- Taxes classified as 'Not Elsewhere Classified' make up a small portion of total state tax collections.
- The District of Columbia has no county-level governments, so these taxes are levied at the municipal level.
FAQs
Q: What does this economic trend measure?
A: This trend measures state tax collections from occupation and business license taxes not classified elsewhere for the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the local tax environment and business activity in the District of Columbia, which is of interest to economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government finances.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the District of Columbia's economic performance and tax policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for District of Columbia (QTAXT28QTAXCAT3DCNO), retrieved from FRED.